Trump Media & Technology Group, the parent company of Truth Social, has officially set Feb. 2 as the record date for distributing its upcoming shareholder digital token.
A Jan. 20 announcement confirms that any investor who holds at least one full share of DJT stock as a registered holder or ultimate beneficial owner by the record date will qualify to receive the non-transferable token.
However, those classified as objecting beneficial owners (OBOs) may face delays or exclusion unless they update their brokerage settings to non-objecting status (NOBO) or move their holdings to a Direct Registration System (DRS) account through Odyssey Transfer & Trust Company.
“We look forward to leveraging Crypto.com’s blockchain technology consistent with SEC guidance to benefit our shareholders and promote transparency,” Devin Nunes, CEO and Chairman of Trump Media, said in an accompanying statement.
While the company has yet to finalise specifics around how the tokens will be allocated, it has reiterated that the tokens cannot be traded or exchanged for cash, and borrowers of DJT shares will not be eligible for the airdrop.
The utility token, according to prior statements, will offer access to periodic perks such as discounts tied to Trump Media services, including Truth Social, streaming platform Truth+, and market prediction app Truth Predict.
Trump Media expands its partnership with Crypto.com
The airdrop will be carried out in partnership with Crypto.com, which will be responsible for minting the tokens and handling custody through the Cronos blockchain.
The two companies have expanded their relationship over the past year, with Crypto.com also powering Truth Media’s fintech products and integrating its digital wallet infrastructure into the Truth Social ecosystem.
Trump Media previously said it would adopt Cronos (CRO) as a utility token to facilitate platform subscriptions and service payments.
However, Crypto.com’s involvement with Trump Media has drawn scrutiny from lawmakers in recent months.
Foris DAX, the exchange’s parent company, reportedly spent $2.8 million on lobbying in Washington last year and contributed to political action committees backing Trump’s reelection bid.
Although the SEC previously launched an inquiry into Crypto.com, the agency closed the case in March 2025, during Trump’s administration.
Shares of Trump Media (DJT) were last seen trading around $13.91, up 0.29% on the day, while Cronos (CRO) dropped 1.3% to $0.09.
Trump Media moves into the crypto space
Wall Street is clearly leaning into tokenization right now, making this announcement particularly timely.
While major players like the New York Stock Exchange prepare to support tokenized securities, Trump Media has drawn a clear line, noting that these tokens are not digital shares or representations of equity.
Instead, they are part of the company’s effort to embed blockchain utility into its media and fintech products without triggering regulatory classifications that typically apply to securities.
In addition to its consumer-facing products, the company is also engaged in a SPAC merger with Yorkville Acquisition Corp. to launch Trump Media Group CRO Strategy, a separate entity that plans to accumulate CRO tokens and contribute to the development of the Cronos ecosystem.
Trump Media is also pursuing the creation of multiple cryptocurrency ETFs and is reportedly building out Truth Predict, a decentralised prediction market housed under its Truth.Fi fintech brand.
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